Documentos e informes

Mongolia monthly economic brief (January 2016) (Mongol)

Abstracto en inglés

Exports sharply declined in the final three months of 2015, signaling further weakening of external demand. Imports continued to drop but machinery imports rebounded in Nov-Dec. Gross international reserves moderately declined to $1,323 million in Dec...
Vea más +Exports sharply declined in the final three months of 2015, signaling further weakening of external demand. Imports continued to drop but machinery imports rebounded in Nov-Dec. Gross international reserves moderately declined to $1,323 million in Dec. The exchange rate depreciated above MNT 2,000 against the US$ in Jan. Inflation decelerated further to below 2 percent in Mongolia’s sovereign bond yields rose above 11 percent. The BoM lowered its policy rate to 12 percent in Jan by 100 bps. The subsidized mortgage program is to be further expanded to boost the construction industry. The annual budget deficit reached MNT 1,163 billion in 2015, close to the deficit target of the second supplementary budget.
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